BitGo Europe expands regulated crypto services with BaFin license extension

BitGo Europe has received BaFin approval to extend its license, adding regulated crypto trading to its existing custody and staking services, making it a fully integrated platform for institutional clients across Europe.

BitGo Europe expands regulated crypto services across the EU

BitGo Europe GmbH, the Frankfurt-based subsidiary of custodian BitGo, has received approval from Germany’s Federal Financial Supervisory Authority (BaFin) to extend its license to offer regulated crypto trading services across Europe.

The original BaFin license, granted in November 2023, allowed BitGo to provide regulated custody services, securely holding digital assets for institutional clients under German supervision. With this extension, BitGo Europe can now offer both OTC and electronic trading of thousands of digital assets and stablecoins, enabling European investors to access deep liquidity while keeping their assets in MiCA-compliant cold storage.

The combination of BitGo’s MiCA license, granted in May to provide custody, staking, and transfer services across the European Union, with the newly extended BaFin approval, enables BitGo Europe to offer a fully integrated platform where institutional clients can trade, store, and manage digital assets under a single regulated system.

With this expanded capability, BitGo Europe now positions itself among a small group of European providers offering a full suite of regulated services—including custody, staking, and trading—under a single platform. The firm now directly competes with other integrated players in the region, including Coinbase and Kraken.